Standing Advisory Group Members

Page Content

Joan C. Amble

President, JCA Consulting, LLC
Darien, Conn.

Joan C. Amble is the president of JCA Consulting, LLC. Previously, she worked as the executive vice president and principal accounting officer for American Express. She also served in several financial roles at General Electric, including vice president and chief accounting officer of GE Financial Services, chief financial officer of GE Commercial Real Estate, and CFO and chief operating officer of GE Capital Markets. Ms. Amble serves as an audit committee member for Booz Allen Hamilton and as the audit committee chair for Sirius XM Radio and Zurich Insurance Group. She is an independent advisor to Societe Generale N.A. Inc. She previously served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board.

Prat Bhatt

Prat Bhatt is the senior vice president, corporate controller, and chief accounting officer at Cisco. He leads the controllership organization with responsibility for all of Cisco's accounting, external financial reporting, and financial controls. His responsibilities include Securities and Exchange Commission reporting, policy and technical accounting, revenue recognition, geographic controllership, and accounting for all functional areas. Mr. Bhatt is vice chair of the board of Financial Executive International, is a member of the FEI Committee on Corporate Reporting, and formerly chaired the board of the FEI Financial Executives Research Foundation. Mr. Bhatt previously served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board.

Term: 2016 - 2018

Rudolf A. Bless

Chief Accounting Officer, Bank of America
Charlotte, N.C.

Rudolf A. Bless is chief accounting officer at Bank of America, where his responsibilities include global financial and regulatory reporting, tax functions, finance systems, enterprise-wide internal controls, and accounting policy. He worked at Credit Suisse AG as deputy chief financial officer and chief accounting officer from 2002 to 2014. Prior to Credit Suisse, Mr. Bless was an audit partner at PricewaterhouseCoopers LLP. He is vice chair of the Financial Executives International Committee on Corporate Reporting and is a former member of the IFRS Foundation's IFRS Advisory Council.

Term: 2018 - 2020

Hon. Richard C. Breeden

Chairman and CEO, Breeden Capital Management LLC
Greenwich, Conn.

As chairman and chief executive office of Breeden Capital Management, Richard Breeden manages a portfolio of publicly traded equity securities. He also advises companies and government entities on issues such as restructuring corporations, enhancing ethics and compliance systems, and improving governance practices and shareholder value. Previously, Mr. Breeden was a senior economics and policy advisor during the administrations of Presidents Ronald Reagan and George H.W. Bush. He served as cohead of domestic policy under President Bush prior to being appointed chairman of the Securities and Exchange Commission, where he served from 1989 -1993. He currently serves as a director and member of the audit committee of STERIS Corp., a manufacturer of high technology medical equipment.

Term: 2017 - 2019

Peter C. Clapman

Senior Advisor, CamberView Partners, LLC
New York, N.Y.

Peter C. Clapman is a senior advisor to CamberView Partners, LLC, an organization that advises boards and managements of listed companies on their relationships with investors. He is the former chairman of the governance committee and a member of the audit committee of iPass, a NASDAQ-listed company. Previously, he was the chairman and president of Governance for Owners LLP (U.S.), a U.K.-based investment organization offering global investment and governance services. Mr. Clapman also served as a senior vice president and chief investment counsel at TIAA-CREF, where he spent 32 years and was the head of the corporate governance program. Mr. Clapman served on the board of the National Association of Corporate Directors. Currently, he is the vice chairman of the Conference of (Mutual) Fund Leaders and an advisory board member of the John L. Weinberg Center for Corporate Governance at the University of Delaware and of the Millstein Center on Global Markets and Corporate Ownership at Columbia Law School.

Term: 2016 - 2018

Leonard L. Combs

As U.S. chief auditor and leader of auditing services, methods, and tools at PricewaterhouseCoopers LLP, Leonard L. Combs supervises the national office efforts in the areas of audit methodology, tools and technology, learning and development, PCAOB inspection activities, and developing the firm's responses to auditing standard-setting activities. Mr. Combs has 25 years of public accounting experience. Prior to his current role, he led the health industries and technology practice for PwC in Philadelphia. Mr. Combs is also chairman of the accounting advisory board at Lehigh University.

Term: 2017 - 2019

Charles M. Elson

Charles M. Elson is the chair of corporate governance and director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. He also is "of counsel" to the law firm of Holland & Knight. His fields of expertise include corporations, securities regulation, and corporate governance. Professor Elson has written extensively on the subject of boards of directors. He is vice chairman of the American Bar Association Business Law Section's Committee on Corporate Governance. He also is a board member of HealthSouth and Bob Evans Farms, and he serves as a director for several not-for-profit groups.

Term: 2017 - 2019

Robert H. Herz

Robert H. Herz, chief executive officer of Robert H. Herz LLC, consults on financial reporting, among other matters, and is the executive-in-residence at Columbia Business School at Columbia University. He served as the chairman of the Financial Accounting Standards Board from 2002 - 2010, and he was an original board member of the International Accounting Standards Board from 2001 - 2002. Previously, Mr. Herz spent nearly 28 years with PricewaterhouseCoopers LLP in the United States and the United Kingdom, where he was an audit partner. He also served as a staff member on the Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees. He was an official observer to the Advisory Committee on Improvements to Financial Reporting for the Securities and Exchange Commission and to the Advisory Committee on the Auditing Profession for the Treasury Department. Mr. Herz is a member of the boards of directors and chairman of the audit committees of Morgan Stanley and the Federal National Mortgage Association. He is a member of the boards of directors of Workiva, Inc., and the Sustainability Accounting Standards Board.

Term: 2018 - 2020

Mary T. Hoeltzel

Mary T. Hoeltzel is vice president and global chief accounting officer at Cigna, where she is responsible for all technical accounting, Securities and Exchange Commission reporting, information technology finance, internal controls, and implementation of the financial infrastructure for Cigna, both domestically and internationally. Prior to joining Cigna, Ms. Hoeltzel served in a number of financial management positions at General Electric, including as chief financial officer of the GE Trailer Fleet Services/Modular Space Division and chief financial officer of the retailer consumer finance division at GE Money Americas. She is a member of the Financial Executives International Committee on Corporate Reporting.

Term: 2018 - 2020

Philip R. Johnson

From May 2007 - April 2015, Philip R. Johnson was a nonexecutive director of the Yorkshire Building Society, chairing their audit committee. Prior to joining the society, he was head of audit quality and risk management at Deloitte (U.K.). During his 30-year tenure as a partner at Deloitte, he was a board member, served on the Structure and Risk Committee and Compensation Committee, and sat as the first chairman of the Audit Committee. From 2010 - 2012, Mr. Johnson was the president of the Federation of European Accountants. He was a member of consultative advisory groups of the International Auditing and Assurance Standards Board and the International Ethics Standards Board. Mr. Johnson also served on the Scientific Committee of the 2014 World Congress of Accountants. He is a nonexecutive director of Lakeland Limited.

Term: 2017 - 2019

Jean M. Joy

Jean M. Joy, prior to retirement on September 30, 2018, filled two roles at Wolf & Company, P.C., a regional certified public accounting and business consulting firm. As director of professional practice, she oversaw the firm's compliance with professional standards and was responsible for its audit and accounting committee. Ms. Joy also served as director of the firm's financial institutions practice and lead the audit and attestation services for financial institution clients. She is a former member of the Professional Practice Executive Committee of the Center for Audit Quality and a former chair of the AICPA Depository Institutions Expert Panel.

Term: 2016 - 2018

Guy R. Jubb

Honorary Professor, University of Edinburgh Business School
Edinburgh, U.K.

Guy R. Jubb is an honorary professor at the University of Edinburgh Business School. Previously, Professor Jubb was the global head of governance & stewardship at Standard Life Investments (SLI), where he was responsible for the worldwide application of SLI's governance and stewardship principles and policy guidelines. Professor Jubb is chair of the Strategy and Research Advisory Group of the Council of the Institute of the Chartered Accountants of Scotland and is a member of its Policy Leadership Board. He also serves as a nonexecutive director of the European Corporate Governance Institute and as an independent nonexecutive of Mazars LLP.

Term: 2018 - 2020

David A. Kane

David A. Kane is the Americas vice chair of the assurance professional practice at Ernst & Young LLP, where he manages the national office's accounting, auditing, and U.S. Securities Exchange Commission reporting functions. He also supervises the quality and risk management activities of the firm's assurance practice. Mr. Kane is a member of the Professional Practice Executive Committee for the Center for Audit Quality. He has more than 23 years of public accounting experience. Prior to becoming a partner in 2002, Mr. Kane served a 24-month appointment as a professional accounting fellow in the Office of the Chief Accountant at the SEC.

Term: 2018 - 2020

W. Robert Knechel

Frederick E. Fisher Eminent Scholar in Accounting, and Director, Center for International Research in Accounting and Auditing, Fisher School of Accounting, University of Florida
Gainesville, Fla.

W. Robert Knechel is the Frederick E. Fisher Eminent Scholar in Accounting and the director of the Center for International Research in Accounting and Auditing at the University of Florida, where he joined the faculty in 1981. His research focuses on issues relating to assurance, controls, performance measurement, and auditing. Professor Knechel has authored numerous textbooks, articles, and research papers and has served in editorial roles for auditing journals.

Term: 2017 - 2019

Philip R. Lochner, Jr.

Board Member of public companies
Greenwich, Conn.

Philip R. Lochner, Jr., is an audit committee member of CMS Energy Corporation and Crane Company. Previously, Mr. Lochner served as vice president, general counsel, and secretary of Time Inc. and senior vice president and chief administrative officer at Time Warner. Mr. Lochner previously served as a commissioner at the Securities and Exchange Commission and a member of the Board of Governors of the National Association of Securities Dealers and of the American Stock Exchange.

Term: 2018 - 2020

Jon Lukomnik

Jon Lukomnik is the executive director of the Investor Responsibility Research Center Institute, a nonprofit organization committed to research on capital markets, the environment, social issues, and corporate governance. He also is a managing partner at Sinclair Capital LLC, which advises the investment management industry, corporations, and institutional investors. He is a cofounder of both Governance Metrics International (now part of MSCI) and the International Corporate Governance Network, and he helped establish the Council of Institutional Investors. He served on the International Advisory Board of Euronext and as the only nonlawyer on the New York City Bar Association Committee on Corporate Law.

Term: 2018 - 2020

Douglas L. Maine

Douglas L. Maine has served as a limited partner and senior advisor at Brown Brothers Harriman & Co. since 2009. He retired from IBM in 2005, where he served in multiple roles, including chief financial officer, general manager of the consumer products division, and general manager of inside sales and service. Before IBM, Mr. Maine held various positions at MCI Communications Corporation, including chief financial officer. He is a director and audit committee chairman at Orbital-ATK, Inc., and BroadSoft, Inc., and a director and member of the audit committee of Albemarle, Inc.

Term: 2017 - 2019

Maureen F. McNichols

Marriner S. Eccles Professor of Public and Private Management, and Professor of Accounting, Stanford University
Stanford, Calif.

Maureen F. McNichols is the Marriner S. Eccles Professor of Public and Private Management and Professor of Accounting at Stanford University Graduate School of Business. Her research examines financial reporting and its role in providing information to investors. She is a leading researcher on earnings management and its implications for investors, on analysts' incentives, forecasts, and investment recommendations, and on financial distress prediction. Ms. McNichols is the founding director of the Corporate Governance Program for directors of public companies at the Stanford Graduate School of Business. Also, she served as a director and member of the audit and compensation committees of NetIQ Corporation and serves on the finance committee of Foothill-De Anza Foundation.

Term: 2017 - 2019

Elizabeth F. Mooney

Partner, The Capital Group Companies
San Francisco, Calif.

Elizabeth F. Mooney is a partner at Capital Group with global accounting research responsibilities. She has 25 years of industry experience and has been with Capital Group for 12 years. Prior to joining Capital Group, she was a consumer industry analyst and a portfolio manager for private clients and institutions with Allianz Global Investors (formerly RCM Capital Management). Before that, she was a senior auditor at Deloitte LLP. She holds a master's degree in accountancy from DePaul University, graduating with honors, and a bachelor's degree in economics from the University of Michigan. She also is a chartered financial analyst and a certified public accountant. She is a member of the American Institute of Certified Public Accountants, the CFA Institute Corporate Disclosure Policy Council, and the CFA Society of San Francisco.

Term: 2016 - 2018

Liz D. Murrall

Liz D. Murrall is director of stewardship and reporting for The Investment Association, the representative body for the U.K. asset management industry, which has nearly £6.9 trillion under management globally. She is responsible for policy issues around stewardship, reporting, audit, and risk as they impact institutional investors in companies. She also serves on the Corporate Reporting Council and the Codes and Standards Committee for the U.K. Financial Reporting Council. She is cochair of the Global Audit Investor Dialogue.

Term: 2018 - 2020

Karen K. Nelson

Karen K. Nelson is the M.J. Neeley Professor of Accounting in the M.J. Neeley School of Business at Texas Christian University. Her research focuses on financial reporting and disclosure issues, including the role of regulators, auditors, and private securities litigation in monitoring financial reporting quality. She has held numerous research seminars in the U.S. and abroad, published in a variety of leading academic journals, and authored an undergraduate textbook on financial accounting. Ms. Nelson is an active member of the American Accounting Association.

Term: 2016 - 2018

Jeffrey D. Nuechterlein

Managing Partner, Nue Capital LLC
Alexandria, Va.

Jeffrey D. Nuechterlein is the founder and managing partner of Nue Capital LLC, an investment management company based in Alexandria, Virginia. Nue Capital manages public and private equity investments, including a portfolio of venture capital investments. Prior to founding Nue Capital in 2000, Mr. Nuechterlein served as managing director and chief investment officer for National Gypsum Company's pension fund. Previously, he served as senior counsel to the U.S. Trade Representative and was a lawyer in private practice. He is a board member of Chesapeake Lodging Trust, where he serves on the audit committee. He also is chair of the board of directors at Cartica Management, an SEC-registered equity manager that is focused on investments in public companies in emerging markets.

Term: 2017 - 2019

Jeremy E. Perler

Jeremy E. Perler is a partner and director of research at Schilit Forensics, where he advises institutional investors, corporate boards, and other stakeholders on companies engaged in aggressive accounting stratagems and misleading financial reporting. Previously, Mr. Perler served as a forensic accounting analyst for Coatue Management, as director of research for the Center for Financial Research and Analysis, and as an auditor for PricewaterhouseCoopers LLP. Mr. Perler is a CFA charterholder and has served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board.

Term: 2018 - 2020

Sandra J. Peters

Head of Financial Reporting Policy, CFA Institute
New York, N.Y.

Sandra J. Peters is the head of financial reporting policy at the CFA Institute. There she manages the tracking of financial reporting issues. She also acts as the spokesperson for the CFA Institute Centre, frequently interacting with the International Accounting Standards Board, the Financial Accounting Standards Board, and the Securities and Exchange Commission. Prior to joining the Institute, Ms. Peters was a vice president and corporate controller at MetLife, Inc., where she was responsible for SEC reporting and technical accounting. She has served on the Insurance Expert Panel for the American Institute of Certified Public Accountants and currently is on the International Financial Reporting Standards Interpretations Committee.

Term: 2018 - 2020

Brandon J. Rees

Brandon Rees is deputy director of the Office of Investment for the American Federal of Labor and Congress of Industrial Organizations (AFL-CIO), a federation of 56 labor unions who represent 12.5 million members with union-sponsored and Taft-Hartley pension and employee benefit plans holding approximately $646 billion in assets. The AFL-CIO Office of Investment promotes the interests of workers' funds in the capital markets by leading corporate governance shareholder initiatives and advocating for legislative and regulatory reform. Mr. Rees also serves as the cochair of the Activism Committee of the Council of Institutional Investors and the chair of the Supervisory Committee of the AFL-CIO Employees Federal Credit Union.

Term: 2017 - 2019

Charles V. Senatore

Charles V. Senatore is responsible for risk oversight for Fidelity Investments' Devonshire Investors unit, which focuses on long-term investments in operating companies and real estate, as well as the management of private venture funds. He has been with Fidelity Investments since 2003, where he has also led Fidelity's compliance function globally. Prior to joining Fidelity, Mr. Senatore was cohead of Global Compliance at Merrill Lynch & Company, Inc. Before joining Merrill Lynch, he served as the director of the Southeast Region of the Securities and Exchange Commission, as well as chief of the Public Corruption Section for the U.S. Attorney's Office for the Southern District of Florida. Mr. Senatore also is a lecturer in law at the University of Chicago Law School.

Term: 2017 - 2019

David Shammai

Corporate Governance Director – Cross Border, Morrow Sodali

London, U.K.

David Shammai is a corporate governance director–cross border, at Morrow Sodali, a global consultancy that provides governance and shareholder services to corporate clients around the world. He focuses on the firm’s growing corporate governance activities across Europe/U.K., the US and Australia. Prior to joining Morrow Sodali in February 2018, Mr. Shammai was with APG Asset Management, one of the world’s largest fiduciary fund managers, as a senior corporate governance specialist involved in voting, formulation of policy, and company engagement in a number of markets. Previously, he held consulting and corporate positions at KPMG and the Royal Bank of Scotland Group plc. Mr. Shammai is a frequent speaker at corporate governance events and has a particular interest in the incorporation of sustainability and governance factors in the investment process.

Term: 2017 - 2019

Debra Smith

Chief Operating Investment Officer, CalSTRS
Sacramento, Calif.

Debra Smith is the chief operating investment officer at the California State Teachers' Retirement System, responsible for business and operational management of the Investment Branch support functions. She also serves on various committees at CalSTRS, including the Investment Branch Tactical Asset Allocation Committee, the Risk Action Committee, and the Environmental, Social, and Governance Committee.

Term: 2017 - 2019

Wendy B. Stevens

Wendy Stevens is the quality assurance practice leader at Mazars USA LLP, where she oversees the firm's compliance with professional standards, risk management, independence, and ethics, and the quality of technical learning and education. Ms. Stevens has more than 30 years of experience in providing accounting and audit services to a variety of clients in many industries. She also serves on the Center for Audit Quality Professional Practice Executive Committee and the CAQ Smaller Firms Task Force.

Term: 2017 - 2019

David M. Sullivan

Dave Sullivan is the national managing partner – Quality & Professional Practice at Deloitte & Touche LLP, where he leads the national office, including the accounting, Securities and Exchange Commission services, audit policy and methodology, risk management, inspections, and regulatory functions, and also oversees regional and local quality leaders. He serves as a member of the Operating Group and Executive Committee at Deloitte. Mr. Sullivan has more than 30 years of public accounting experience and previously served a two-year fellowship at the Financial Accounting Standards Board.

Term: 2016 - 2018

Christopher D. Tower

Christopher D. Tower is the national managing partner for audit quality and professional practice at BDO USA, LLP, where he currently oversees the firm's national assurance practice, including auditing, accounting, Securities and Exchange Commission services, global services, quality control, risk management, and independence, among others. From 2003 - 2016, he served as BDO's west regional managing partner, where he provided oversight for audit and other attestation operations. Mr. Tower also chairs the BDO Audit Quality Committee and serves on the BDO Assurance Committee, and serves on the Center for Audit Quality Professional Practice Executive Committee and Advisory Council.

Term: 2018 - 2020

Sir David P. Tweedie

Chairman, International Valuation Standards Council
Edinburgh, U.K.

Sir David P. Tweedie serves as the chairman of the International Valuation Standards Council. From 2001 - 2011, he served as the first chairman of the International Accounting Standards Board as well the chief executive officer of the International Financial Reporting Standards Foundation. Previously, he served as chairman of the UK Auditing Practices Committee (1989 -1990) and as the first chairman of the UK's Accounting Standards Board (1990 - 2000). He is a visiting professor of accounting at the University of Edinburgh Management School. He received honorary degrees from nine British universities. In addition, he received various honors and awards for his dedication and service to the accounting profession, most notably, in 1994, when he was knighted in the United Kingdom. He was the president of the Institute of Chartered Accountants of Scotland from 2012 - 2013, and he chairs the Royal Household Audit Committee for the Sovereign Grant, which funds the work of the British monarchy. He is a member of the Accounting Hall of Fame.

Term: 2017 - 2019

John W. White

John W. White is chair of the corporate governance and board advisory practice at Cravath, Swaine & Moore LLP. He advises public companies on a variety of matters, including corporate governance issues, financial reporting and various public disclosure obligations, auditor independence, and other topics arising out of compliance with the federal securities laws. Mr. White has spent more than 25 years as a partner at Cravath, most recently rejoining after serving as the director of the Division of Corporation Finance at the Securities and Exchange Commission from 2006 - 2008. He currently serves on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board and as a member of the Board of Trustees and the Audit Committee of the Practising Law Institute (PLI) and the SEC Historical Society. He has served as the chairman of the Securities Regulation Institute, as cochair of the PLI Annual Institute on Securities Regulation, and on the Legal Advisory Committee of the New York Stock Exchange.